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Ethereum community suggests DAO

2020.06.17

According to SrPeixinho, a permanent solution to the problem is necessary, as the total loss is too hard for just entering one or two wrong characters.Accordingly, the purpose of the DAO would be to give a refund to users who have sent their funds to a wrong address by mistake, if the address contains a maximum of two wrong characters. As the Ethereum community explained during the discussion, the DAO could be implemented by a simple smart contract funded by donations from the Ethereum community.

Blockchain at least to some extent more user-friendly. Especially newcomers to crypto space are afraid that a single typo in the 42-digit string could cause their funds to disappear forever if they enter a wrong address. This is exactly what happened to an Ethereum user who sent 40 Ether (ETH) worth over 8,000 USD to a wrong address.In the Subreddit the user named daso14 wrote that he accidentally entered a wrong address containing just one wrong alphanumeric character. According to the user, the wrong character was allegedly copied to the clipboard of his computer. On May 16, the Reddit user SrPeixinho then proposed the creation of a mechanism to rescue ether, specifically a DAO (Decentralized Autonomous Organization), which are accidentally sent to wrong addresses.

The DAO is supposed to give a refund to users who have inadvertently sent their funds to wrong addresses, provided that the address contains only one or two wrong characters. According to SrPeixinho, a permanent solution to the problem is necessary, as the total loss is too hard for just entering one or two wrong characters.Accordingly, the purpose of the DAO would be to give a refund to users who have sent their funds to a wrong address by mistake, if the address contains a maximum of two wrong characters. As the Ethereum community explained during the discussion, the DAO could be implemented by a simple smart contract funded by donations from the Ethereum community.

Author : Jake Simmons